![]() |
Foreclosure Forum |
|
CCC § 1695 applies to owners residing in the foreclosure..In Reply to: equity purchase agreement after divorse posted by Kathy on July 01, 2003 at 6:27 PM : Hello - : We are interested in buying a home (for sale by owner, no realtors involved) as investement property in CA. : We just found out the the trustors got divorced several years ago (title still in both names), NOD filed, wife filed BK (currently in Ch 13, want to change to Ch 7 to sell the house). : We are planning on filling out the equity purchase agreement (because of the NOD) and then entering into escrow. Do both the wife and ex-husband need to sign the equity purchase agreement? or just the wife? : We do know that the ex-husband will ultimately need to sign off on the house. : Thanks, : Kathy Kathy, Whoever is on title AND lives in the foreclosure property comes under the protection of CCC §1695 and all of its requirements. Hope this helps. Follow Ups: Post a Followup:
|
Information provided by this website is for informational purposes only and is not a substitute for professional advice. Please consult your investment advisor and/or attorney before entering into any transaction.
Copyright © 1997-2003, InnoVest Resource Management
http://www.foreclosureforum.com
InnoVest Resource Management, 4569-A Mission Gorge Place, San Diego CA 92120-4112
(619) 283-5444, Fax (619) 283-5455